South African Market Performance – 31 October 2014

Market Indicators

  • JSE All Share (ALSI) 49,722.88
  • Rand/Euro R 13.83
  • Rand/Pound R 17.67
  • Rand/US Dollar R 11.05
  • Rand/Aus Dollar R 9.71

Equity

  • The FTSE/JSE All Share (ALSI) gained 1.0% on a total return basis for the month and over the 12 months gained 12.5%. Small Caps (up 3.7%) outperformed Mid Caps (up 2.1%) and Large Caps (up 0.7%).
  • The best-performing sectors were Pharmaceuticals & Biotechnology (up 16.4%), Automobiles & Parts (up 14.0%) and Media (up 10.2%). The worst performing sector was Mining (down 10.3%), with Gold Mining (down 24.3%) and Coal Mining (down 10.4%) contributing to the bulk of the negative return.
  • Over a 10-year period, Industrials (up 23.9% p.a.) outperformed Financials (up 18.0% p.a.) and Resources (up 12.2% p.a.). The composition of the ALSI as at the end of the month was Industrials 57.0%, Resources 21.7% and Financials the remaining 21.3%.

Bonds

  • The All Bond Index gained 3.4% for the month and over the 12 months gained 9.0%. The Inflation-linked Bond Index gained 1.4% for the month and over the 12 months gained 11.9%.

Property

  • The SA Listed Property Index gained 6.8% for the month and over 12 months gained 19.4%.

Cash

  • Cash returned 0.5% for the month and over the 12 months returned 5.8%. Over a 10-year period, inflation in the form of ECPI has been 6.0% p.a.

International Market Performance

  • The Rand strengthened 3.8% against the US Dollar and 4.0% against the Euro October 2014.
  • The MSCI World Index gained 0.7% on a total return basis in US Dollar terms for the month and over 12 months gained 9.3%. The MSCI Emerging Markets Index gained 1.2% for the month and over the 12 months gained 1.0%.
  • The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Turkey (up 10.5%), while the worst-performing was the KOPSI 200 (down 3.8%).
  • The best-performing developed market index from the selection of international equity indices for the month was the Hang Sang (up 5.0%), while the worst-performing was the Cac 40 (down 4.8%).
  • The US Dollar Platinum price declined 5.6% for the month and over the 12 months declined 15.4%. The US Dollar Gold price declined 3.9% for the month and over the 12 months declined 11.9%. Brent Crude declined 9.9% for the month and over the 12 months declined 20.6%.
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Posted in Investment Review

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The investment objective of the STANLIB Global Property Feeder Fund is to maximise long term total return, both capital and income growth.